The federal Bureau of Labor Statistics has admitted to a major error in estimating U.S. employment. Was this incompetence, understaffing—or something else?
The system that is used to measure a nation’s economy is so complex that it would take a group of national-accounts experts to even attempt to forge the data.
Questions have been raised about the veracity of the IMF report showing Russian economy outperforming the West. But it is extremely difficult to falsify GDP data.
